Appraisal Review & Litigation Services
Professionals rely on personal property appraisal reports and have an imperative need to understand when reports are credible and worthy of belief. Appraisal reports are often challenged, both in and out of court, making formal appraisal reviews by an accredited Appraisal Review & Management appraiser important. Measuring opposing appraisal reports for the professional standard of care, or the appropriate methodology, or otherwise, serves clients with valuable information in litigious matters.
Confidence begins with a credible and defensible appraisal or appraisal review report.
"Knowing if an opposing appraisal is credible, worthy of belief, and written according to the professional standard of care is priceless in litigious matters. As a first career former educator, I convey messages very well so others easily understand them. I take complex and make it simple. Success stems from building appraisals and appraisal review reports on relevant evidence, sound analyses, and clear conclusions designed for each specific intended audience."
ARM Accreditation & Expertise
Melanie Modica is accredited with the Appraisal Review & Management (ARM) designation. She is an ARM instructor, course editor, and a development contributor to the American Society of Appraiser's Principles of Valuation (POV) ARM 201, and the 203 and 204 courses that she developed. Appraisers must successfully complete two or four of these courses for obtaining accreditation with the ARM designation in the ASA organization.
Melanie was the creator and developer of the ARM 203 POV course titled Managing Multifaceted Assignments, and was the lead developer for AR204 Application and Report Writing according to USPAP, and the VR204 Application & Report Writing course adapted to the International Valuation Standards, IVS. She was also the developer for an appraisal review manual according to the International Valuation Standards for the government of a middle eastern country.
With this experience, Melanie provides credible and objective appraisal review reports that are written according to current appraisal review methodology and are compliant with the Uniform Standards of Professional Appraisal Practice (USPAP).
Types of Appraisal Reviews
- Written to conclude USPAP compliance or non-compliance of an opposing appraisal report
- Provided with an opinion of value, or without
- Concludes an opinion of the credibility of another appraiser's work product
- Examination of components in an opposing report
Intended Uses of Reviews
- Litigation
- Loss claims
- Insurance settlements
- Dissolution of a marriage or a business
- Various other legal disputes
Expert Witness Services
Melanie Modica offers expert witness services and litigation support for art appraisals involved in personal property disputes, and has experience in deposition, court testimony, and umpire services in the state of Texas. Melanie co-created the award-winning Expert Witness Forum offered by the ASA Houston chapter. It is a full day event that educates professionals in mediation, arbitration, and trial testimony skills. The Forum is presented by real attorneys, a real judge, and real appraisers who participate in unscripted testimony sessions.
Contact Modica Fine Art for an appointment and more information regarding Appraisal Review and Litigation Services.
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